2023 Form 5500 filing — Principal Cash Balance Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241014100644NAL0045566384001) for Principal Cash Balance Plan, reported by Principal Financial Group, Inc. under EIN 42-1520346 and plan number 005. It reports 18,231 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014100644NAL0045566384001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Principal Financial Group, Inc.
- EIN
- 42-1520346
- Plan number
- 005
- Location
- Des Moines, IA
- Participants
- 18,231
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $1,699,129,128
- Total liabilities (EOY)
- $33,942,396
- Net assets (EOY)
- $1,665,186,732
- Employer contributions
- $55,000,000
- Total income / additions
- $321,938,176
- Benefits paid
- $191,059,855
- Administrative expenses
- $9,997,164
- Total expenses
- $201,057,019
- Net increase / (decrease)
- $120,881,157
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Global Investors | INVESTMENT ADVISORY | $6,002,958 | not reported in the loaded dataset |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $1,940,772 | $0 |
| State Street | CONSULTANT | $171,519 | not reported in the loaded dataset |
| Idc | OTHER SERVICES | $25,325 | not reported in the loaded dataset |